Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Identify the INCORRECT statement from the following.

Options:

Coordination is the essence of management

Functions of management are interrelated

Functions of management are not interrelated

Management is based on practice and creativity

Correct Answer:

Functions of management are not interrelated

Explanation:

The correct answer is option 3- Functions of management are not interrelated.

Functions of management are not interrelated is incorrect statement.

1. Coordination is the essence of management- IT IS TRUE. Coordination is sometimes considered a separate function of management. It is however, the essence of management, for achieving harmony among individual efforts towards the accomplishment of group goals. Each managerial function is an exercise contributing individually to coordination. Coordination is implicit and inherent in all functions of an organisation.

2. Functions of management are interrelated- IT IS TRUE. Management consists of a series of interrelated functions that are performed by all managers. Although managers function at different levels in the organisation. The time spent by managers in different functions however is different. Managers at the top level spend more time in planning and organising than managers at lower levels of the organisation.

3. Functions of management are not interrelated- IT IS NOT TRUE as Functions of management are interrelated. All managers perform the following interrelated functions: Planning, Organising, Staffing, Directing and Controlling.

4. Management is based on practice and creativity- IT IS TRUE. The best managers are committed and dedicated individuals; highly trained and educated, with personal qualities such as ambition, self- motivation, creativity and imagination, a desire for development of the self and the organisation they belong to. All management practices are based on the same set of principles; what distinguishes a successful manager from a less successful one is the ability to put these principles into practice.